**Mawarid Finance and KamelPay Launch ”AbsoluteCard” for Corporate Payments in the UAE**
Mawarid Finance and KamelPay have announced the launch of "AbsoluteCard," a new corporate payment solution aimed at empowering organizations to manage their expenses more efficiently by providing advanced levels of control, real-time transaction visibility, and an integrated digital experience for corporate payment management.
Operating on the Mastercard network and issued by Mawarid Finance, the new card marks a new milestone in KamelPay's expansion journey. This step reflects both companies' commitment to supporting the UAE's digital transformation strategy by offering innovative financial solutions for businesses.
The launch of AbsoluteCard follows KamelPay's success in expanding its payroll and workforce payment services through the PayD ecosystem, which currently serves over 1,600 corporate clients across the UAE. Building on this expertise, the new card was developed to meet the growing needs of businesses seeking smarter and more transparent solutions for corporate expense management.
**Digital Payment Solutions**
AbsoluteCard offers organizations greater control over spending while improving operational efficiency through digital payment solutions. It enables real-time transaction tracking and streamlines expense management, thereby enhancing financial oversight and facilitating internal corporate payment processes.
The official launch event was attended by business leaders, clients, strategic partners, and representatives from the FinTech sector. During the event, both companies showcased the features of the new card, discussed the future of digital corporate payments, and highlighted the role of innovation in advancing the UAE's financial services ecosystem.
Rashed Al Qubaisi, CEO of Mawarid Finance, stated that the company remains committed to delivering innovative financial solutions that empower businesses and support the rapidly growing digital economy in the UAE. He noted that the collaboration with KamelPay embodies a shared vision to simplify corporate financial management through secure, scalable, and technology-driven payment solutions. Al Qubaisi emphasized that AbsoluteCard grants organizations a higher level of transparency, control, and efficiency in managing their expenses.
On his part, Ehsan Rahman, Co-Founder and CEO of KamelPay, said that the launch of AbsoluteCard marks a significant milestone in the company's journey to redefine corporate payment and expense management mechanisms. He explained that the company started with payroll payment solutions before expanding its vision to offer a comprehensive suite of innovative financial products. "In collaboration with Mawarid Finance and Mastercard, we are now able to provide a smarter and more efficient way to manage corporate spending, while enhancing levels of transparency and financial oversight," he added.
Both companies underscored that the launch of AbsoluteCard comes at a time when the UAE's digital financial services market is experiencing rapid growth. This bolsters the corporate payments ecosystem and highlights the importance of strategic partnerships in driving innovation, improving efficiency, and accelerating digital financial transformation.
---
> **ملاحظات مصطلحات صحفية (Journalistic Notes):**
> * **Corporate payment solutions:** المصطلح المعتمد في قطاع الأعمال للإشارة إلى "حلول مدفوعات الشركات".
> * **Real-time transaction visibility:** صياغة دقيقة لـ "إتاحة رؤية فورية/لحظية للمعاملات"، وهو مصطلح شائع جداً في التكنولوجيا المالية (FinTech).
> * **Financial oversight:** ترجمة مهنية لـ "الرقابة المالية".
> * **Scalable and technology-driven:** تعبير مؤسسي قوي لترجمة "قابلة للتوسع ومدعومة بالتكنولوجيا".
>
>